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At present, THSRC has at its disposal 34 trainsets of 12 coaches each, mostly the 700T series based on the Shinkansen bullet trains especially adapted for Japan by Kawasaki Heavy Industries of Japan.
The rating on THSRC is based on Government-Related Entities Rating Criteria, Rating Criteria for Public-Sector, Revenue-Supported Debt, in conjunction with the National Scale Ratings Criteria.
Japanese company Toshiba Corporation (TOKYO:6502), a manufacturing and solutions provider of electronic and electrical products, announced on Thursday the receipt of a turnkey order for electrical and mechanical systems (E&M) for three new stations from Taiwan High Speed Rail Corporation (THSRC), valued at about JPY2.8bn.
Ou remarked that the current depreciation period is unreasonable, since the facilities of the high-speed rail can last at least 70 years, making it very difficult for THSRC to make money and barring the influx of new capital.
In September 2005, THSRC announced a one-year delay in the launch, which triggered deep concerns over problematic adjustment of the Japanese Shinkansen bullet train system to European specifications.
The consortium also agreed to put up 10% of THSRC's capital, planned at 450 billion yen, at the Taiwan company's request.
The THSRC is believed to have dropped the German-French Eurotrain, its original choice, in favor of the Japanese bullet train under pressure from the government, which apparently saw the project as an opportunity to strategically strengthen Japanese engagement in Taiwan.
Among the 18 new services, eight are added to weekdays, THSRC said, while the other services are distributed between Thursday afternoon and Sunday, the company said, citing recent statistics showing that more passengers start their weekend trips as early as Thursday.
(THSRC), Bank of Taiwan (BOT) took the lead in Taiwan's syndicated loan market in the first quarter of this year, boasting syndicated loans of US$12.962 billion or NT$407 billion offered during the quarter.
On September 25, 1997, the Taiwan High Speed Rail Consortium (THSRC) was formed with five domestic and two foreign companies and granted the right to negotiate contracts.
But in late 1999, the THSRC changed the decision and instead awarded a group of Japanese companies the priority rights to negotiate the contract.
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